News & Press

March 21, 2012

8 Metros Where List Prices Are on the RiseRealtor Magazine

Daily Real Estate News |
Tuesday, March 20, 2012

A number of housing markets
nationwide have been seeing modest increases in median list prices. In
the last year alone, median national list prices ticked up 6.82 percent
year over year in February, according to Realtor.com data of 146 metro
markets. And a number of markets have seen increases in just one month
by 3 or 4 percent.

The following are the eight metro areas that saw the highest median list price increases from January to February:

1. San Jose, Calif.

Month-over-month increase: 4.20 percent

Median list price: $468,888

2. Washington, D.C.-Md.-Va.-W.Va.

Month-over-month increase: 4.17 percent

Median list price: $384,950

3. Detroit

Month-over-month increase: 3.92 percent

Median list price: $84,900

4. Corpus Christi, Texas

Month-over-month increase: 3.89 percent

Median list price: $165,700

5. San Francisco

Month-over-month increase: 3.77 percent

Median list price: $611,700

6. Punta Gorda, Fla.

Month-over-month increase: 3.35 percent

Median list price: $185,000

7. Atlanta

Month-over-month increase: 3.27 percent

Median list price: $154,900

8. Oakland, Calif.

Month-over-month increase: 3.23 percent

Median list price: $320,000

And where have median list prices fallen the most in the last month?
Iowa City, Iowa, where median list prices have declined 4.95 percent,
and Toledo, Ohio, where list prices dropped 4.31 percent from January to
February, according to Realtor.com data.